Optimizing the impact of Electrifying Fleets Ideas to successfully transition fleets to EVs MARCH 21, 2021 June 2021 eIQ Mobility:Mobility: market Market leader leader in fleet in electrification fleet electrification assessments assessments ► »Leading#1 provider provider of fleet of electrificationfleet electrification assessment assessment solutions for solutionsutilities, OEMs, for utilities, and fleets. OEMs, and fleets, acquired by NextEra Energy Resources in 2020. ► Widest experience with light-, medium- and heavy-duty »Deepvehicles experiencefor utilities, with telecom, utilities, delivery,telecom, pharma, package food & delivery,beverage, pharma, cities, states, food & universities, beverage, cities, K-12, states,and other fleets universities, K-12, and other fleets dozens major customers » Widest market data in the industry » Grid emissions & rates for all 50 states » 150 + EV models & specs, 200+chargers, 150,000+ vehicles » 100s of federal & utility incentives, weather »Fleet & vehicles in all 50 states + Canada, including in TX, CA, IL, MO, CO, MD, PA, DC, OR 4+ Million trips »Work with sedans, SUVs, pickups, delivery vans, box trucks, hydraulics, semi tractors, in take-home and depot-based used cases. 350+ Million miles PROPRIETARY & CONFIDENTIAL 4 Fleets are a huge segment PROPRIETARY & CONFIDENTIAL Auto manufacturers invest $250 billion in EVs for the US Source: Bloomberg News 2021 Rivian R1T Tesla model 3 Nissan Ariya VW ID4 Ford Transit EV GMC Hummer EV Lordstown Endurance GM Silverado Tesla Cybertruck Ford F150 EV Tesla Semi Chanje EV delivery Rivian Amazon LION 8 truck Daimler eCascadia Volvo VNR EV Arrival UPS MOTIV box truck Lightning E-450 Nikola Refuse Bollinger class 3 Peterbilt 220 EV PROPRIETARY & CONFIDENTIAL Growing Policy, and sustainability mandates Santa Monica, CA VA passes 5 EV-friendly bills 15 states follow CA clean car standards PROPRIETARY & CONFIDENTIAL Fleet Electrification is a very complex journey Source: 300+ interviews, dozens of fleet customers, and 120,000+ vehicles analyzed by eIQ Mobility 1. Pick location, EVs, chargers, vendors, define costs, emissions and incentives 2. Finance and deploy assets: Electric Vehicles and charging infrastructure 3. Operate & optimize the new electric fleet and facilities 4. Learn from pilots, create a fleet-wide strategy and scale across operations PROPRIETARY & CONFIDENTIAL.